Agarwal Float Glass India (NSE:AGARWALFT) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2023)

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What is Agarwal Float Glass India LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Agarwal Float Glass India's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.05.

Agarwal Float Glass India's long-term debt to total assets ratio declined from Sep. 2022 (0.09) to Sep. 2023 (0.05). It may suggest that Agarwal Float Glass India is progressively becoming less dependent on debt to grow their business.

Agarwal Float Glass India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Agarwal Float Glass India's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Agarwal Float Glass India LT-Debt-to-Total-Asset Chart

Agarwal Float Glass India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.08

0.11

0.15

0.07

Agarwal Float Glass India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.11	0.15	0.09	0.07	0.05

Agarwal Float Glass India LT-Debt-to-Total-Asset Calculation

Agarwal Float Glass India's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	17.757	/	270.698
	=	0.07

Agarwal Float Glass India's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	15.026	/	308.895
	=	0.05

Agarwal Float Glass India (NSE:AGARWALFT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Agarwal Float Glass India LT-Debt-to-Total-Asset Related Terms

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Agarwal Float Glass India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Agarwal Float Glass India Ltd (NSE:AGARWALFT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

H-1/790, Sitapura Industrial Area Ext., Near Fire Bridge Office, Jaipur, RJ, IND, 302022

Website

https://www.agarwalfloat.com

Agarwal Float Glass India Ltd is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products. The products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.

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